Updated almost 2 years ago on . Most recent reply
Held this one for about 2 years and then did a 1031 Exchange on it.
Investment Info:
Townhouse buy & hold investment in Chattanooga.
Purchase price: $110,000
Cash invested: $26,000
Sale price: $155,000
Bought a SFH back in April 2021 in a C class area. Had some expenses on the property that I could not have possibly envisioned. But overall steady rental income. Exceeded 1% rule. Just sold this property in Oct 2023 and did a 1031 exchange to purchase another in Spring Hill TN area. First time doing a 1031. :-)
